STATE OF THE MARKETS
SGX Nifty reports a negative start
Nifty futures on the Singapore Stock Exchange traded 46.5 points, or 0.27%, at 17,377, signaling Dalal Street was heading for a negative start on Monday.
- Technical view: Nifty50 Friday ended on a flat note for the second straight session. The index formed an indecisive candle on the daily chart. On a weekly scale, the index formed a small bullish candle. Analysts said the index could lose momentum after recent strong gains. They see 17,500 as an immediate resistance level.
- India VIX: The Fear Gauge fell nearly 2% to the 18.92 level on Friday from its close at 19.26 on Thursday.
Asian stocks trade mixed
Asian stocks traded mixed, range-bound, on Monday after another U.S. jobs report, beating forecasts, boosted expectations that the Federal Reserve will continue its steady pace of gains. interest rates to fight inflation. The MSCI Asia-Pacific ex-Japan equity index fell 0.61%.
- The Japanese Nikkei jumped 0.11%
- Australia’s ASX 200 fell 0.10%
- The New Zealand DJ fell 0.54%
- The South Korean Kospi fell 0.35%
- China’s Shanghai fell 0.09%
- Hong Kong’s Hang Seng fell 0.98%
US stocks sold mixed results
Wall Street ended mostly lower on Friday, weighed down by Tesla and other tech-related stocks after a strong jobs report torpedoed recent optimism that the Federal Reserve could abandon its aggressive campaign to reign over high inflation for decades.
- The Dow Jones gained 0.23% to 32,803.47
- The S&P 500 fell 0.16% to 4,145.19
- The Nasdaq fell 0.50% to 12,657.55
The dollar extends its gains
The dollar extended its best rally against the yen since mid-June on Monday, supported by rising Treasury yields after hit US jobs data raised expectations of a more aggressive tightening of Federal Reserve policy.
- The dollar index pinned at 106.77
- The euro fell to $1.01595
- The pound slipped to $1.2050
- The yen was in trouble at 135.42 to the dollar
- The yuan traded hands at 6.7618 against the greenback
Oil prices prolong losses
Oil prices fell on Monday to near multi-month lows as recession fears hurt demand prospects and data indicated a slow recovery in China’s crude imports in the month. last.
Brent crude futures fell 74 cents, or 0.8%, to $94.18 a barrel at 0039 GMT. First-month prices hit their lowest levels since February last week, falling 14% and posting their biggest weekly decline since April 2020. U.S. West Texas Intermediate crude was at $88.34 a barrel, down of 67 cents, or 0.8%.
FII buys shares worth Rs 1,606 cr
Net-net, Foreign Portfolio Investors (REITs) have become buyers of domestic equities to the tune of Rs 1605.81 crore, according to data available with NSE. However, DIIs became net sellers to the tune of Rs 495.94 crore, according to the data. REITs injected a net amount of Rs 14,175 crore into Indian stocks during the first week of August.
First quarter results today
& SEZ, , Samvardhana Motherson International, Delhivery, Company, UNO Minda, , , and National Aluminum are among the companies that will announce their results for the quarter ending June 2022.
F&O stocks are banned today
Kubota, et – have been under the F&O ban since Monday August 8th. Blackout securities under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Rupee: Reversing a two-game losing streak, the rupee appreciated 16 paise to close at 79.24 against the US dollar on Friday after the Reserve Bank raised interest rates by 50 basis points.
10-year bonds: Indian 10-year bonds rose sharply 2% to 7.30 after trading in the 7.11-7.32 range on Friday.
Call rates: The weighted average overnight money rate stood at 4.59% on Friday, according to RBI data. It evolved within a range of 3.25 to 4.80%.